UKGC Criticises Big Black Market Exaggeration Betting Companies

UKGC Criticises Big Black Market Exaggeration Betting Companies

UKGC Criticises Big Black Market Exaggeration Betting Companies

In a study written by consultant to stop enacting tougher rules that could result from the Government’s coming gambling legislation review singapore casino online, UK Gambling Committee (UKGC) has recently accused UK Gambling companies of exaggerating the scope of gray marketing betting activities.

The Chief Executive Officer of UKGC Neil McArthur wrote a letter to a cross-party group of parliamentary members investigating gambling damage. In his message, he emphasised that the study does not represent the intelligence image of the Commission nor does it differentiate between true customers using black and grey market platforms and automated systems like bots. He reiterated that the study could be looked at with care. He noted that there was no indication that illegal betting was on the increase.

As is also seen on the subject, the PwC study says that 200,000 people spend £1.4 billion in the UK per year on black-market pages. The PwC report warns of the potential of more Black and Grey market players to enforce stricter legislation in this area.

Regulated market 

McArthur said that the Commission knows the effects of the illicit market are concerned by licenced operators and their business bodies, but the Commission’s own data shows it may have underestimated the influence online casino games singapore. He went on to add that considering the reports by consultants, black market risks should be maintained in proportion as the sector pays for them and should not detract from continuing to improve standards and making gaming safer on the regulated UK market.

Betting and gaming council 

This direct critique from the regulator is being blowed by the Betting and Gaming Council (BGC) which consistently referred to the study to support the case against tighter regulations. In addition to limiting stakes on online online slots or requiring web-based casinos to conduct rigorous affordability tests where consumers hit a deposit threshold per month, the Government considers other steps.

 In view of this, McArthur rejected the BGC’s proposal that such strict steps could transform consumers into black market operators. He added that the committee is not persuaded that rising standards would lead customers to migrate to Operators on the black market. The Commission is not persuaded that higher standards would cause customers to resort to unauthorised operators, he explained in depth.

Group heads 

Carolyn Harris, the Labor MP head of the letter to the Group of Members, said that the online gaming industry is talking about the challenge of the black market in an effort to fight enforcement and secure its earnings. She continued that the business actors are trying to hide the debate by creating dodgy intelligence dossiers to further their own goals, not being an apology for reinforcing the increase in standards.

Matt Zarb-Cousin, a longtime consultant to the Clean Up Gaming movement run by Jeremy Corbyn, also shook. He emphasised further that this study was quoted by the gaming industry as its aim was to lead a regulatory race downwards. He went on to say that after seeing the substance of the study, it is now obvious how the gaming sector rejected the public review of the report.